Agency Information Collection Activities: Announcement of Board Approval Under Delegated Authority and Submission to OMB, 81324-81326 [2015-32700]
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Federal Register / Vol. 80, No. 249 / Tuesday, December 29, 2015 / Notices
Affected Public: This form affects
entities involved in the export of U.S.
goods and services.
Annual Number of Respondents: 50.
Estimated Time per Respondent: 10
minutes.
Annual Burden Hours: 8.3 hours.
Frequency of Reporting or Use: As
needed.
Government Expenses:
Reviewing time per year: 12 hours.
Average Wages per Hour: $42.50.
Average Cost per Year (time * wages):
$510.
Benefits and Overhead: 20%.
Total Government Cost: $612.
SUPPLEMENTARY INFORMATION:
Bonita Jones-McNeil,
Program Analyst, Agency Clearance Officer.
[FR Doc. 2015–32714 Filed 12–28–15; 8:45 am]
BILLING CODE 6690–01–P
EXPORT-IMPORT BANK OF THE U.S.
[Public Notice 2015–3016]
Agency Information Collection
Activities: Final Collection; Comment
Request
Export-Import Bank of the U.S.
Submission for OMB review and
comments request.
AGENCY:
asabaliauskas on DSK5VPTVN1PROD with NOTICES
ACTION:
Form Title: EIB 99–14 Export-Import
Bank Trade Reference form.
SUMMARY: The Export-Import Bank of
the United States (Ex-Im Bank), as a part
of its continuing effort to reduce
paperwork and respondent burden,
invites the general public and other
Federal Agencies to comment on the
proposed information collection, as
required by the Paperwork Reduction
Act of 1995. This collection of
information is necessary, pursuant to 12
U.S.C. Sec. 635 (a) (1), to determine
whether or not a company has a good
payment history.
This form will enable Ex-Im Bank to
make a credit decision on a foreign
buyer credit limit request submitted by
a new or existing policy holder.
Additionally, this form is used by those
Ex-Im Bank policy holders granted
delegated authority to commit the Bank
to a foreign buyer credit limit.
The form can be viewed at https://
www.exim.gov/sites/default/files/pub/
pending/eib99–14.pdf.
DATES: Comments should be received on
or before January 28, 2016 to be assured
of consideration.
ADDRESSES: Comments may be
submitted electronically on
WWW.REGULATIONS.GOV or by mail
to Office of Information and Regulatory
Affairs, 725 17th Street NW.,
Washington, DC 20038, Attn: OMB
3048–0042.
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Titles and Form Number: EIB 99–14
Export-Import Bank Trade Reference
form.
OMB Number: 3048–0042.
Type of Review: Regular.
Need and Use: This form provides
essential credit information used by ExIm Bank credit officers when analyzing
requests for export credit insurance/
financing support, both short-term (360
days and less) and medium-term (longer
than 360 days), for the export of their
U.S. goods and services. Additionally,
this form is an integral part of the short
term Multi-Buyer export credit
insurance policy for those policy
holders granted foreign buyer
discretionary credit limit authority
(DCL). Multi-Buyer policy holders given
DCL authority may use this form as the
sole source or one piece among several
sources of credit information for their
internal foreign buyer credit decision
which, in turn, commits Ex-Im’s
insurance.
Affected Public: This form affects
entities involved in the export of U.S.
goods and services.
Annual Number of Respondents: 6,500.
Estimated Time per Respondent: 15
minutes.
Annual Burden Hours: 1,625 hours.
Frequency of Reporting or Use: As
needed.
Government Expenses:
Reviewing time per year: 1,625 hours.
Average Wages per Hour: $42.50.
Average Cost per Year: $69,062.
(time * wages)
Benefits and Overhead: 20%.
Total Government Cost: $82,875.
Bonita Jones-McNeil,
Program Analyst, Records Management
Division, Office of the Chief Information
Officer.
[FR Doc. 2015–32717 Filed 12–28–15; 8:45 am]
BILLING CODE 6690–01–P
FEDERAL RESERVE SYSTEM
Agency Information Collection
Activities: Announcement of Board
Approval Under Delegated Authority
and Submission to OMB
Board of Governors of the
Federal Reserve System.
SUMMARY: Notice is hereby given of the
final approval of proposed information
collections by the Board of Governors of
the Federal Reserve System (Board)
under OMB delegated authority. Boardapproved collections of information are
incorporated into the official OMB
inventory of currently approved
collections of information. Copies of the
AGENCY:
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Paperwork Reduction Act Submission,
supporting statements and approved
collection of information instruments
are placed into OMB’s public docket
files. The Federal Reserve may not
conduct or sponsor, and the respondent
is not required to respond to, an
information collection that has been
extended, revised, or implemented on or
after October 1, 1995, unless it displays
a currently valid OMB control number.
FOR FURTHER INFORMATION CONTACT:
Federal Reserve Board Clearance
Officer—Nuha Elmaghrabi—Office of
the Chief Data Officer, Board of
Governors of the Federal Reserve
System, Washington, DC 20551 (202)
452–3829. Telecommunications Device
for the Deaf (TDD) users may contact
(202) 263–4869, Board of Governors of
the Federal Reserve System,
Washington, DC 20551.
OMB Desk Officer—Shagufta
Ahmed—Office of Information and
Regulatory Affairs, Office of
Management and Budget, New
Executive Office Building, Room 10235,
725 17th Street NW., Washington, DC
20503.
Final approval under OMB delegated
authority of the extension for three
years, without revision, of the following
reports:
1. Report title: Consolidated Bank
Holding Company Report of Equity
Investments in Nonfinancial Companies
and the Annual Report of Merchant
Banking Investments Held for an
Extended Period.
Agency form number: FR Y–12, FR
Y12A, respectively.
OMB control number: 7100–0300.
Frequency: FR Y–12: quarterly or
semi-annually, FR Y–12A: annually.
Reporters: Bank holding companies
(BHCs), financial holding companies
(FHCs) and savings and loan holding
companies (SLHCs).
Estimated annual reporting hours: FR
Y–12: 1,650 hours, FR Y–12A: 133
hours.
Estimated average hours per response:
FR Y–12: 16.5 hours, FR Y–12A: 7
hours.
Number of respondents: FR Y–12: 28,
FR Y–12A: 19.
General description of report: This
collection of information is mandatory
and authorized to be collected from
BHCs and FHCs pursuant to Section 5(c)
of the Bank Holding Company Act (12
U.S.C. 1844(c)(1)(A)) and from SLHCs
pursuant to section 10 of the Home
Owners Loan Act (12 U.S.C. 1467a(b)).
Overall, the Federal Reserve does not
consider the data collected on the FR Y–
12 to be confidential. However, a
holding company may request
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asabaliauskas on DSK5VPTVN1PROD with NOTICES
Federal Register / Vol. 80, No. 249 / Tuesday, December 29, 2015 / Notices
confidential treatment pursuant to
sections (b)(4) of the Freedom of
Information Act (FOIA) (5 U.S.C.
552(b)(4)). The Federal Reserve
considers the data collected on the FR
Y–12A to be confidential pursuant to
sections (b)(4) and (b)(8) of FOIA (5
U.S.C. 552(b)(4) and (b)(8)).
Abstract: The FR Y–12 collects
information from certain domestic BHCs
and SLHCs on their equity investments
in nonfinancial companies. The FR Y–
12 data serve as an important riskmonitoring device for institutions active
in this business line by allowing
supervisory staff to monitor an
institution’s activity between review
dates. They also serve as an early
warning mechanism to identify
institutions whose activities in this area
are growing rapidly and therefore
warrant special supervisory attention.
The FR Y–12A is filed annually by
institutions that hold merchant banking
investments that are approaching the
end of the holding period permissible
under Regulation Y. The FR Y–12A data
continue to be a useful tool for
examiners to monitor institutions that
have merchant banking investments that
are approaching holding period
limitations.
Current Actions: On October 22, 2015,
the Federal Reserve published a notice
in the Federal Register (80 FR 64000)
requesting public comment for 60 days
on the extension, without revision, of
the FR Y–12 and FR Y–12A. The
comment period for this notice expired
on December 21, 2015. The Federal
Reserve did not receive any comments.
The information collection will be
extended for three years, without
revision, as proposed.
2. Report title: Bank Secrecy Act
Suspicious Activity Report (BSA–SAR).
Agency form number: FR 2230.
OMB control number: 7100–0212.
Frequency: On occasion.
Reporters: State member banks
(SMBs), BHCs and their nonbank
subsidiaries, Edge and agreement
corporations, and the U.S. branches and
agencies, representative offices, and
nonbank subsidiaries of foreign banks
supervised by the Federal Reserve.
Estimated annual reporting hours:
159,071 hours.
Estimated average hours per response:
1.5 hours.
Number of respondents: 5,489.
General description of report: The
BSA–SAR is required by law, pursuant
to authority contained in the following
statutes: 12 U.S.C. 248(a)(1), 3105(c)(2),
3106(a), and 625 of the International
Banking Act, 12 U.S.C. 1844(c) of the
Bank Holding Company Act, and 12
U.S.C. 1818(s) of the Federal Deposit
VerDate Sep<11>2014
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Jkt 238001
Insurance Act. The obligation to file a
SAR is set forth in the Board’s rules, and
is mandatory for SMBs (12 CFR
208.62(c)); entities subject to the Bank
Holding Company Act and their
nonbank subsidiaries (12 CFR 225.4(f));
Edge and agreement corporations (12
CFR 211.5(k)); and U.S. branches,
agencies, and representative offices of
foreign banks (12 CFR 211.24(f)). BSA–
SARs are exempt from FOIA disclosure
by 31 U.S.C. 5319, which specifically
provides that SARS ‘‘are exempt from
disclosure under section 552 of title 5’’,
and FOIA exemption 3, 5 U.S.C.
552(b)(3) (matters ‘‘specifically
exempted from disclosure by statute’’).
Abstract: Since 1996, the Federal
Reserve Board, the Office of the
Comptroller of the Currency, the Federal
Deposit Insurance Corporation, the
National Credit Union Administration,
and the Department of the Treasury’s
Financial Crimes Enforcement Network
have required certain types of financial
institutions to report known or
suspected violations of law and
suspicious transactions. To fulfill these
requirements, supervised banking
organizations file SARs. Law
enforcement agencies use the
information submitted on the reporting
form to initiate investigations and the
Federal Reserve uses the information in
the examination and oversight of
supervised institutions.
Current Actions: On October 22, 2015,
the Federal Reserve published a notice
in the Federal Register (80 FR 64000)
requesting public comment for 60 days
on the extension, without revision, of
the Bank Secrecy Act Suspicious
Activity Report. The comment period
for this notice expired on December 21,
2015. The Federal Reserve did not
receive any comments. The information
collection will be extended for three
years, without revision, as proposed.
3. Report title: Domestic Branch
Notification.
Agency form number: FR 4001.
OMB control number: 7100–0097.
Frequency: On occasion.
Reporters: SMBs.
Estimated annual reporting hours:
131 hours.
Estimated average hours per response:
30 minutes for expedited notifications
and 1 hour for nonexpedited
notifications.
Number of respondents: 60 expedited
and 101 nonexpedited.
General description of report: Section
9(3) of the Federal Reserve Act, (12
U.S.C. 321), requires that SMBs obtain
prior Federal Reserve approval before
establishing a domestic branch. This
requirement is implemented by the
provisions of Section 208.6 of the
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81325
Board’s Regulation H, (12 CFR 208.6).
The obligation of SMBs to request prior
approval of the appropriate supervising
Reserve Bank in order to establish a
domestic branch is mandatory. The
individual respondent information in
the notification is not considered
confidential.
Abstract: The Federal Reserve Act and
Regulation H require an SMB to seek
prior approval of the Federal Reserve
System before establishing or acquiring
a domestic branch. Such requests for
approval must be filed as notifications
at the appropriate Reserve Bank for the
SMB. Due to the limited information
that an SMB generally has to provide for
branch proposals, there is no formal
reporting form for a domestic branch
notification. An SMB is required to
notify the Federal Reserve by letter of its
intent to establish one or more new
branches and provide with the letter
evidence that public notice of the
proposed branch(es) has been published
by the SMB in the appropriate
newspaper(s). The Federal Reserve uses
the information provided to fulfill its
statutory obligation to review any public
comment on proposed branches before
acting on the proposals and otherwise to
supervise SMBs.
Current Actions: On October 22, 2015,
the Federal Reserve published a notice
in the Federal Register (80 FR 64000)
requesting public comment for 60 days
on the extension, without revision, of
the Domestic Branch Notification. The
comment period for this notice expired
on December 21, 2015. The Federal
Reserve did not receive any comments.
The information collection will be
extended for three years, without
revision, as proposed.
4. Report title: Disclosure
Requirements in Connection With
Subpart H of Regulation H (Consumer
Protections in Sales of Insurance).
Agency form number: Reg H–7.
OMB control number: 7100–0298.
Frequency: On occasion.
Reporters: State member banks.
Estimated annual reporting hours:
13,372 hours.
Estimated average hours per response:
1.5 minutes
Number of respondents: 849.
General description of report: Section
305 of the Gramm-Leach-Bliley Act of
1999 requires that the Federal Reserve
and the other federal banking agencies
issue joint regulations applicable to
retail sales practices, solicitations,
advertising, or offers of insurance by
depository institutions. (12 U.S.C.
1831x) Subpart H of the Federal
Reserve’s Regulation H, Consumer
Protection in Sales of Insurance,
implements section 305 on behalf of the
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Federal Register / Vol. 80, No. 249 / Tuesday, December 29, 2015 / Notices
Federal Reserve, and provides for the
disclosures outlined above. (12 CFR part
208, subpart H) The obligation of SMBs
to make these disclosures is mandatory.
Since the Federal Reserve does not
collect any information, no issue of
confidentiality normally arises.
Abstract: Subpart H of Regulation H
was adopted pursuant to section 305 of
the Gramm-Leach-Bliley Act of 1999,
which required the federal banking
agencies to issue joint regulations
governing retail sales practices,
solicitations, advertising, and offers of
insurance by, on behalf of, or at the
offices of insured depository
institutions. The insurance consumer
protection rules in Regulation H require
depository institutions to prepare and
provide certain disclosures to
consumers. Covered persons are
required to make certain disclosures
before the completion of the initial sale
of an insurance product or annuity to a
consumer and at the time a consumer
applies for an extension of credit in
connection with which and insurance
product or annuity is solicited, offered,
or sold.
Current Actions: On October 22, 2015,
the Federal Reserve published a notice
in the Federal Register (80 FR 64000)
requesting public comment for 60 days
on the extension, without revision, of
the Disclosure Requirements in
Connection With Subpart H of
Regulation H. The comment period for
this notice expired on December 21,
2015. The Federal Reserve did not
receive any comments. The information
collection will be extended for three
years, without revision, as proposed.
Board of Governors of the Federal Reserve
System, December 23, 2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015–32700 Filed 12–28–15; 8:45 am]
BILLING CODE 6210–01–P
FEDERAL TRADE COMMISSION
[File No. 132 3115]
Oracle Corporation; Analysis of
Proposed Consent Order To Aid Public
Comment
Federal Trade Commission.
Proposed consent agreement.
asabaliauskas on DSK5VPTVN1PROD with NOTICES
AGENCY:
ACTION:
The consent agreement in this
matter settles alleged violations of
federal law prohibiting unfair or
deceptive acts or practices. The attached
Analysis to Aid Public Comment
describes both the allegations in the
draft complaint and the terms of the
consent order—embodied in the consent
SUMMARY:
VerDate Sep<11>2014
19:17 Dec 28, 2015
Jkt 238001
agreement—that would settle these
allegations.
DATES: Comments must be received on
or before January 20, 2016.
ADDRESSES: Interested parties may file a
comment at https://
ftcpublic.commentworks.com/ftc/
oracleconsent online or on paper, by
following the instructions in the
Request for Comment part of the
SUPPLEMENTARY INFORMATION section
below. Write ‘‘In the Matter of Oracle
Corporation,—Consent Agreement; File
No. 132 3115’’ on your comment and
file your comment online at https://
ftcpublic.commentworks.com/ftc/
oracleconsent by following the
instructions on the web-based form. If
you prefer to file your comment on
paper, write ‘‘In the Matter of Oracle
Corporation,—Consent Agreement; File
No. 132 3115’’ on your comment and on
the envelope, and mail your comment to
the following address: Federal Trade
Commission, Office of the Secretary,
600 Pennsylvania Avenue NW., Suite
CC–5610 (Annex D), Washington, DC
20580, or deliver your comment to the
following address: Federal Trade
Commission, Office of the Secretary,
Constitution Center, 400 7th Street SW.,
5th Floor, Suite 5610 (Annex D),
Washington, DC 20024.
FOR FURTHER INFORMATION CONTACT:
Andrea Arias (202) 326–2715 or
Jacqueline Conner (202) 326–2844,
Bureau of Consumer Protection, 600
Pennsylvania Avenue NW., Washington,
DC 20580.
SUPPLEMENTARY INFORMATION: Pursuant
to Section 6(f) of the Federal Trade
Commission Act, 15 U.S.C. 46(f), and
FTC Rule 2.34, 16 CFR 2.34, notice is
hereby given that the above-captioned
consent agreement containing consent
order to cease and desist, having been
filed with and accepted, subject to final
approval, by the Commission, has been
placed on the public record for a period
of thirty (30) days. The following
Analysis to Aid Public Comment
describes the terms of the consent
agreement, and the allegations in the
complaint. An electronic copy of the
full text of the consent agreement
package can be obtained from the FTC
Home Page (for December 21, 2015), on
the World Wide Web at: https://
www.ftc.gov/os/actions.shtm.
You can file a comment online or on
paper. For the Commission to consider
your comment, we must receive it on or
before January 20, 2016. Write ‘‘In the
Matter of Oracle Corporation,—Consent
Agreement; File No. 132 3115’’ on your
comment. Your comment—including
your name and your state—will be
placed on the public record of this
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proceeding, including, to the extent
practicable, on the public Commission
Web site, at https://www.ftc.gov/os/
publiccomments.shtm. As a matter of
discretion, the Commission tries to
remove individuals’ home contact
information from comments before
placing them on the Commission Web
site.
Because your comment will be made
public, you are solely responsible for
making sure that your comment does
not include any sensitive personal
information, like anyone’s Social
Security number, date of birth, driver’s
license number or other state
identification number or foreign country
equivalent, passport number, financial
account number, or credit or debit card
number. You are also solely responsible
for making sure that your comment does
not include any sensitive health
information, like medical records or
other individually identifiable health
information. In addition, do not include
any ‘‘[t]rade secret or any commercial or
financial information which . . . is
privileged or confidential,’’ as discussed
in Section 6(f) of the FTC Act, 15 U.S.C.
46(f), and FTC Rule 4.10(a)(2), 16 CFR
4.10(a)(2). In particular, do not include
competitively sensitive information
such as costs, sales statistics,
inventories, formulas, patterns, devices,
manufacturing processes, or customer
names.
If you want the Commission to give
your comment confidential treatment,
you must file it in paper form, with a
request for confidential treatment, and
you have to follow the procedure
explained in FTC Rule 4.9(c), 16 CFR
4.9(c).1 Your comment will be kept
confidential only if the FTC General
Counsel, in his or her sole discretion,
grants your request in accordance with
the law and the public interest.
Postal mail addressed to the
Commission is subject to delay due to
heightened security screening. As a
result, we encourage you to submit your
comments online. To make sure that the
Commission considers your online
comment, you must file it at https://
ftcpublic.commentworks.com/ftc/
oracleconsent by following the
instructions on the web-based form. If
this Notice appears at https://
www.regulations.gov/#!home, you also
may file a comment through that Web
site.
If you file your comment on paper,
write ‘‘In the Matter of Oracle
1 In particular, the written request for confidential
treatment that accompanies the comment must
include the factual and legal basis for the request,
and must identify the specific portions of the
comment to be withheld from the public record. See
FTC Rule 4.9(c), 16 CFR 4.9(c).
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]]>Agencies
[Federal Register Volume 80, Number 249 (Tuesday, December 29, 2015)]
[Notices]
[Pages 81324-81326]
From the Federal Register Online via the Government Publishing Office [www.gpo.gov]
[FR Doc No: 2015-32700]
=======================================================================
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FEDERAL RESERVE SYSTEM
Agency Information Collection Activities: Announcement of Board
Approval Under Delegated Authority and Submission to OMB
AGENCY: Board of Governors of the Federal Reserve System.
SUMMARY: Notice is hereby given of the final approval of proposed
information collections by the Board of Governors of the Federal
Reserve System (Board) under OMB delegated authority. Board-approved
collections of information are incorporated into the official OMB
inventory of currently approved collections of information. Copies of
the Paperwork Reduction Act Submission, supporting statements and
approved collection of information instruments are placed into OMB's
public docket files. The Federal Reserve may not conduct or sponsor,
and the respondent is not required to respond to, an information
collection that has been extended, revised, or implemented on or after
October 1, 1995, unless it displays a currently valid OMB control
number.
FOR FURTHER INFORMATION CONTACT: Federal Reserve Board Clearance
Officer--Nuha Elmaghrabi--Office of the Chief Data Officer, Board of
Governors of the Federal Reserve System, Washington, DC 20551 (202)
452-3829. Telecommunications Device for the Deaf (TDD) users may
contact (202) 263-4869, Board of Governors of the Federal Reserve
System, Washington, DC 20551.
OMB Desk Officer--Shagufta Ahmed--Office of Information and
Regulatory Affairs, Office of Management and Budget, New Executive
Office Building, Room 10235, 725 17th Street NW., Washington, DC 20503.
Final approval under OMB delegated authority of the extension for
three years, without revision, of the following reports:
1. Report title: Consolidated Bank Holding Company Report of Equity
Investments in Nonfinancial Companies and the Annual Report of Merchant
Banking Investments Held for an Extended Period.
Agency form number: FR Y-12, FR Y12A, respectively.
OMB control number: 7100-0300.
Frequency: FR Y-12: quarterly or semi-annually, FR Y-12A: annually.
Reporters: Bank holding companies (BHCs), financial holding
companies (FHCs) and savings and loan holding companies (SLHCs).
Estimated annual reporting hours: FR Y-12: 1,650 hours, FR Y-12A:
133 hours.
Estimated average hours per response: FR Y-12: 16.5 hours, FR Y-
12A: 7 hours.
Number of respondents: FR Y-12: 28, FR Y-12A: 19.
General description of report: This collection of information is
mandatory and authorized to be collected from BHCs and FHCs pursuant to
Section 5(c) of the Bank Holding Company Act (12 U.S.C. 1844(c)(1)(A))
and from SLHCs pursuant to section 10 of the Home Owners Loan Act (12
U.S.C. 1467a(b)). Overall, the Federal Reserve does not consider the
data collected on the FR Y-12 to be confidential. However, a holding
company may request
[[Page 81325]]
confidential treatment pursuant to sections (b)(4) of the Freedom of
Information Act (FOIA) (5 U.S.C. 552(b)(4)). The Federal Reserve
considers the data collected on the FR Y-12A to be confidential
pursuant to sections (b)(4) and (b)(8) of FOIA (5 U.S.C. 552(b)(4) and
(b)(8)).
Abstract: The FR Y-12 collects information from certain domestic
BHCs and SLHCs on their equity investments in nonfinancial companies.
The FR Y-12 data serve as an important risk-monitoring device for
institutions active in this business line by allowing supervisory staff
to monitor an institution's activity between review dates. They also
serve as an early warning mechanism to identify institutions whose
activities in this area are growing rapidly and therefore warrant
special supervisory attention. The FR Y-12A is filed annually by
institutions that hold merchant banking investments that are
approaching the end of the holding period permissible under Regulation
Y. The FR Y-12A data continue to be a useful tool for examiners to
monitor institutions that have merchant banking investments that are
approaching holding period limitations.
Current Actions: On October 22, 2015, the Federal Reserve published
a notice in the Federal Register (80 FR 64000) requesting public
comment for 60 days on the extension, without revision, of the FR Y-12
and FR Y-12A. The comment period for this notice expired on December
21, 2015. The Federal Reserve did not receive any comments. The
information collection will be extended for three years, without
revision, as proposed.
2. Report title: Bank Secrecy Act Suspicious Activity Report (BSA-
SAR).
Agency form number: FR 2230.
OMB control number: 7100-0212.
Frequency: On occasion.
Reporters: State member banks (SMBs), BHCs and their nonbank
subsidiaries, Edge and agreement corporations, and the U.S. branches
and agencies, representative offices, and nonbank subsidiaries of
foreign banks supervised by the Federal Reserve.
Estimated annual reporting hours: 159,071 hours.
Estimated average hours per response: 1.5 hours.
Number of respondents: 5,489.
General description of report: The BSA-SAR is required by law,
pursuant to authority contained in the following statutes: 12 U.S.C.
248(a)(1), 3105(c)(2), 3106(a), and 625 of the International Banking
Act, 12 U.S.C. 1844(c) of the Bank Holding Company Act, and 12 U.S.C.
1818(s) of the Federal Deposit Insurance Act. The obligation to file a
SAR is set forth in the Board's rules, and is mandatory for SMBs (12
CFR 208.62(c)); entities subject to the Bank Holding Company Act and
their nonbank subsidiaries (12 CFR 225.4(f)); Edge and agreement
corporations (12 CFR 211.5(k)); and U.S. branches, agencies, and
representative offices of foreign banks (12 CFR 211.24(f)). BSA-SARs
are exempt from FOIA disclosure by 31 U.S.C. 5319, which specifically
provides that SARS ``are exempt from disclosure under section 552 of
title 5'', and FOIA exemption 3, 5 U.S.C. 552(b)(3) (matters
``specifically exempted from disclosure by statute'').
Abstract: Since 1996, the Federal Reserve Board, the Office of the
Comptroller of the Currency, the Federal Deposit Insurance Corporation,
the National Credit Union Administration, and the Department of the
Treasury's Financial Crimes Enforcement Network have required certain
types of financial institutions to report known or suspected violations
of law and suspicious transactions. To fulfill these requirements,
supervised banking organizations file SARs. Law enforcement agencies
use the information submitted on the reporting form to initiate
investigations and the Federal Reserve uses the information in the
examination and oversight of supervised institutions.
Current Actions: On October 22, 2015, the Federal Reserve published
a notice in the Federal Register (80 FR 64000) requesting public
comment for 60 days on the extension, without revision, of the Bank
Secrecy Act Suspicious Activity Report. The comment period for this
notice expired on December 21, 2015. The Federal Reserve did not
receive any comments. The information collection will be extended for
three years, without revision, as proposed.
3. Report title: Domestic Branch Notification.
Agency form number: FR 4001.
OMB control number: 7100-0097.
Frequency: On occasion.
Reporters: SMBs.
Estimated annual reporting hours: 131 hours.
Estimated average hours per response: 30 minutes for expedited
notifications and 1 hour for nonexpedited notifications.
Number of respondents: 60 expedited and 101 nonexpedited.
General description of report: Section 9(3) of the Federal Reserve
Act, (12 U.S.C. 321), requires that SMBs obtain prior Federal Reserve
approval before establishing a domestic branch. This requirement is
implemented by the provisions of Section 208.6 of the Board's
Regulation H, (12 CFR 208.6). The obligation of SMBs to request prior
approval of the appropriate supervising Reserve Bank in order to
establish a domestic branch is mandatory. The individual respondent
information in the notification is not considered confidential.
Abstract: The Federal Reserve Act and Regulation H require an SMB
to seek prior approval of the Federal Reserve System before
establishing or acquiring a domestic branch. Such requests for approval
must be filed as notifications at the appropriate Reserve Bank for the
SMB. Due to the limited information that an SMB generally has to
provide for branch proposals, there is no formal reporting form for a
domestic branch notification. An SMB is required to notify the Federal
Reserve by letter of its intent to establish one or more new branches
and provide with the letter evidence that public notice of the proposed
branch(es) has been published by the SMB in the appropriate
newspaper(s). The Federal Reserve uses the information provided to
fulfill its statutory obligation to review any public comment on
proposed branches before acting on the proposals and otherwise to
supervise SMBs.
Current Actions: On October 22, 2015, the Federal Reserve published
a notice in the Federal Register (80 FR 64000) requesting public
comment for 60 days on the extension, without revision, of the Domestic
Branch Notification. The comment period for this notice expired on
December 21, 2015. The Federal Reserve did not receive any comments.
The information collection will be extended for three years, without
revision, as proposed.
4. Report title: Disclosure Requirements in Connection With Subpart
H of Regulation H (Consumer Protections in Sales of Insurance).
Agency form number: Reg H-7.
OMB control number: 7100-0298.
Frequency: On occasion.
Reporters: State member banks.
Estimated annual reporting hours: 13,372 hours.
Estimated average hours per response: 1.5 minutes
Number of respondents: 849.
General description of report: Section 305 of the Gramm-Leach-
Bliley Act of 1999 requires that the Federal Reserve and the other
federal banking agencies issue joint regulations applicable to retail
sales practices, solicitations, advertising, or offers of insurance by
depository institutions. (12 U.S.C. 1831x) Subpart H of the Federal
Reserve's Regulation H, Consumer Protection in Sales of Insurance,
implements section 305 on behalf of the
[[Page 81326]]
Federal Reserve, and provides for the disclosures outlined above. (12
CFR part 208, subpart H) The obligation of SMBs to make these
disclosures is mandatory. Since the Federal Reserve does not collect
any information, no issue of confidentiality normally arises.
Abstract: Subpart H of Regulation H was adopted pursuant to section
305 of the Gramm-Leach-Bliley Act of 1999, which required the federal
banking agencies to issue joint regulations governing retail sales
practices, solicitations, advertising, and offers of insurance by, on
behalf of, or at the offices of insured depository institutions. The
insurance consumer protection rules in Regulation H require depository
institutions to prepare and provide certain disclosures to consumers.
Covered persons are required to make certain disclosures before the
completion of the initial sale of an insurance product or annuity to a
consumer and at the time a consumer applies for an extension of credit
in connection with which and insurance product or annuity is solicited,
offered, or sold.
Current Actions: On October 22, 2015, the Federal Reserve published
a notice in the Federal Register (80 FR 64000) requesting public
comment for 60 days on the extension, without revision, of the
Disclosure Requirements in Connection With Subpart H of Regulation H.
The comment period for this notice expired on December 21, 2015. The
Federal Reserve did not receive any comments. The information
collection will be extended for three years, without revision, as
proposed.
Board of Governors of the Federal Reserve System, December 23,
2015.
Robert deV. Frierson,
Secretary of the Board.
[FR Doc. 2015-32700 Filed 12-28-15; 8:45 am]
BILLING CODE 6210-01-P
